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S. P. Apparels share price & results

S. P. Apparels Limited· Textiles· Consumer Discretionary

Results to
Jun 2026
Latest analysed call
Q1 FY27
Ownership as of
Sept 2026

India's largest exporter of knitted infant & children's wear, integrated from yarn to finished garment

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Reported

The figures, each with its period

Each figure keeps its basis and period; nothing is filled in.

MetricValueChangeBasisPeriodNote
Revenue401 ₹ crore−0.5% YoYQuarterly, as filedQuarter to Jun 2026Revenue from operations as filed.
Operating margin15.0 %+2.0 pts YoYOperating profit / revenueQuarter to Jun 2026For the quarter; a change is in percentage points.
Net profit25.0 ₹ crore+19.0% YoYQuarterly, as filedQuarter to Jun 2026Profit after tax as filed.
Return on equity11.75 %−0.4 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Jun 2026Adjusted profit attributable to owners ÷ average owners’ equity.
Free cash flow margin6.46 %+9.1 ptsFY Mar 2026 vs FY Mar 2025Fiscal yearFY ending Mar 2026(Operating cash flow − fixed-asset purchases + disposals) ÷ revenue.
Revenue growth (YoY)1.55 %−15.2 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Jun 2026Revenue change against the same period one year earlier.

Source: Inve data from filed results; ratios from the Screener-verified panel · to Jun 2026

Guidance

What management said, and what became of it

2 of 7 judged targets kept · 14 open · verdicts reflect calls analysed to Q1 FY27.

S. P. Apparels Limited management guidance track record on Inve: 21 targets tracked across analysed earnings calls (2 achieved, 5 missed, 14 open).

TargetOriginal wordingSaidLatest callVerdict
SPUK EBITDAturn around to be profitable one in FY26
Call transcript, Q4 FY25 · 29 May 2025		Q4 FY25Q1 FY27:Promise concluded and achieved in FY26. SPUK reported a small loss in Q1 FY27 due to shipment timing.
Call transcript, Q1 FY27 · 13 Aug 2026		Achieved
Consolidated EBITDA Marginaverage of 18% EBITDA as a consolidation
Call transcript, Q4 FY25 · 29 May 2025		Q4 FY25Q1 FY27:Promise concluded in FY26. Final FY26 margin was 13.8%, missing the revised 15% target. New guidance for FY27 is tracked separately.
Call transcript, Q1 FY27 · 13 Aug 2026		Missed
Total Machine Capacity7,500 machines by end of FY26
Call transcript, Q4 FY25 · 29 May 2025		Q4 FY25Q1 FY27:Management now states a potential for 10,000 machines over the next 2-3 years, an upward revision from the 9,100 target for FY27. Added 750 machines in the current FY.
Call transcript, Q1 FY27 · 13 Aug 2026		Revised Up

Source: Inve Guidance Tracker for S. P. Apparels Limited · to Q1 FY27

A verdict describes what became of management’s own words in later analysed calls. “Delayed” is a change of date, “went quiet” a target the calls stopped mentioning. None of it is a judgement on the investment. The methodology sets out how verdicts are recorded.

5 of S. P. Apparels Limited's 21 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 18 more targets are in the full ledger.

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Price

₹837.45 +0.97% · +₹8.05

Last close 27 Oct 2026 · NSE · INR · Source: Inve

Performance +18.5% 1Y

₹0.6k₹0.8k₹1.0k₹1.2kOct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Oct 26Q2 FY26 — 17 Nov 2025Q3 FY26 — 13 Feb 2026Q4 FY26 — 22 May 2026Q1 FY27 — 13 Aug 2026

1Y: ₹706.65 on 24 Oct 2025 → ₹837.45. High ₹1,178.6 (9 Jul 2026), low ₹608.85 (21 Jan 2026).

Previous close
₹829.4
Market cap
₹2.1k Cr
52-week range
₹608.85 – ₹1,178.6
One year
+18.06%
Price to earnings (TTM to Jun 2026)
19.69×
Return on equity (TTM to Jun 2026)
11.75%

Overview

Symbol
NSE:SPAL
Sector
Textiles
Industry
Consumer Discretionary
Exchange
NSE
Currency
INR

What S. P. Apparels Limited does

Based on the company's own presentations, annual report and earnings calls.

S.P. Apparels Limited manufactures and exports knitted garments for infants and children to reputed international brands and retailers, operating fully backward-integrated facilities that cover spinning, knitting, dyeing, cutting, printing, embroidery and garment stitching under one chain. Through subsidiary Young Brand Apparel it also manufactures and exports women's intimate wear, largely to US customers. In India it runs a domestic retail business under the Crocodile menswear brand and is expanding the UK-origin Angel & Rocket kidswear brand, while S.P. Apparels (UK) provides design and sourcing support from London. The company has also set up manufacturing operations in Sri Lanka to diversify its production base.

Segments

  • Garment Export Division (Knitted Garments)
  • S.P. Retail (Retail Division)
  • S.P. Apparels (UK) - SPUK
Employee strength
~14,000
Manufacturing integration
Fully backward-integrated chain: spinning, knitting, dyeing, cutting, printing, embroidery and garment stitching (fibre to fashion)
Manufacturing locations
Multiple integrated factories in Tamil Nadu (Avinashi, Neelambur, Thekkalur, Perundurai) near the Tirupur knitwear hub, plus a facility in Sri Lanka and new units coming up at Salem and Sivakasi
Installed sewing capacity (India)
~4,000 machines
Subsidiaries
5 - Crocodile Products Pvt Ltd, S.P. Apparels (UK) Pvt Ltd, S.P Retail Ventures Ltd, Young Brand Apparel Pvt Ltd, S.P Apparels International Pvt Ltd (Sri Lanka)
Market position
Leading global exporter of knitted infant and children's wear
Founded 1989Headquarters Avinashi, Tirupur District, Tamil Nadu, IndiaEmployees 14,004 (FY2025 (Annual Report 20)

How the price took the results

close before → close after

Q1 FY27
−1.6%
13 Aug
Q4 FY26
+1.7%
22 May
Q3 FY26
+6.2%
13 Feb
Q2 FY26
+5.3%
17 Nov

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

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